In 2024, the platform as a service (PaaS) market worldwide is estimated to be worth over 176 billion U.S. dollars. This growth underscores the value PaaS offers by simplifying infrastructure management for software development. As generative AI market grows rapidly, PaaS is proving instrumental in its development and deployment.
PaaS and artificial intelligence (AI)
PaaS provides a streamlined environment with pre-built AI tools, powerful computing, and scalable infrastructure facilitated by major cloud providers. This focus on accessibility empowers developers to integrate AI capabilities directly into their applications without building complex systems from scratch. By bridging the gap between cutting-edge AI models and real-world use cases, PaaS accelerates the development and democratization of AI technologies.
Generative AI for developers
The integration of PaaS and generative AI is incredibly promising. PaaS providers like Microsoft and Google have developed generative AI tools like Copilot and Gemini, respectively, enabling developers to create innovative applications across various domains. This combination lowers entry barriers in several industrial domains and transforms how we interact with intelligent systems, shaping the future of AI development.
Public cloud platform as a service (PaaS) end-user spending worldwide from 2015 to 2024
(in billion U.S. dollars)
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Gartner. (November 13, 2023). Public cloud platform as a service (PaaS) end-user spending worldwide from 2015 to 2024 (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/505248/worldwide-platform-as-a-service-revenue/
Gartner. "Public cloud platform as a service (PaaS) end-user spending worldwide from 2015 to 2024 (in billion U.S. dollars)." Chart. November 13, 2023. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/505248/worldwide-platform-as-a-service-revenue/
Gartner. (2023). Public cloud platform as a service (PaaS) end-user spending worldwide from 2015 to 2024 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/505248/worldwide-platform-as-a-service-revenue/
Gartner. "Public Cloud Platform as a Service (Paas) End-user Spending Worldwide from 2015 to 2024 (in Billion U.S. Dollars)." Statista, Statista Inc., 13 Nov 2023, https://www.statista.com/statistics/505248/worldwide-platform-as-a-service-revenue/
Gartner, Public cloud platform as a service (PaaS) end-user spending worldwide from 2015 to 2024 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/505248/worldwide-platform-as-a-service-revenue/ (last visited November 21, 2024)
Public cloud platform as a service (PaaS) end-user spending worldwide from 2015 to 2024 (in billion U.S. dollars) [Graph], Gartner, November 13, 2023. [Online]. Available: https://www.statista.com/statistics/505248/worldwide-platform-as-a-service-revenue/
